10:00 AM EST - Sears Canada Inc. : reported that its first-quarter net earnings decreased to $7.2 million from $10.3 million last year. Net earnings per share were $0.07 compared to $0.10 a year ago. Comprehensive loss narrowed to $3.4 million from $8.8 million a year ago. Operating net earnings decreased to $7.2 million from $16.8 million last year. Operating net earnings per share was $0.07 compared to $0.16 prior year. Total revenues decreased to $1.07 billion from $1.12 billion last year. Same store sales decreased 2.0%. Sears Canada Inc.
shares T.SCC are trading up $2.03 at $29.03.
